Taxes
Major Income Tax Act amendment to reshape the rules on assets, depreciation, leasing…
A comprehensive amendment to the Income Tax Act is being prepared alongside the new Accounting Act. The changes go well beyond terminology. In response to changes in accounting legislation, the proposal introduces a number of conceptual changes,…
Reporting units under EET 2.0: what must be reported from 1 November?
A reporting unit is a concept that did not exist under the original EET system. Yet the configuration of the entire reporting system will depend on defining these units correctly. From 1 November 2026, businesses will be able to register units…
EET 2.0 launch: January to be a trial month, not a postponement
The launch of electronic sales reporting is less than three months away, while some of the functions needed to configure the system are due to become available in November. How will the provisions of the Act on Electronic Sales Reporting come into…
EU adopts a new Customs Code: what will it mean for businesses?
The new EU Customs Code aims to harmonise customs procedures across the Member States. What will the most extensive reform of the European customs system since 1968 bring?
Government approves an extraordinary tax on refineries
Taxpayers operating in the refinery sector and meeting the statutory conditions will be subject to an extraordinary tax of 50% in 2026 and 2027, levied on the increase in gross refining margins compared to 2025. However, according to information…
Childcare and student tax credits reinstated; employee benefits revised
The Chamber of Deputies upheld its version of the bill on the electronic sales reporting (EET), thereby rejecting the Senate’s amending proposals. The President signed the act on 17 September 2026. In addition to introducing the new electronic sales…
Pillar Two: draft amendment to Top-Up Tax Act
The Ministry of Finance has published a draft amendment to the Top-Up Tax Act. The amendment’s main objective is to transpose the latest OECD Administrative Guidance, including the Side-by-Side package, into Czech legislation while refining certain…
Exemption of income from sale of real estate: Coordination Committee clarifies the…
Property abroad, multiple properties and repeated tax exemptions: the Coordination Committee has provided important clarification of the rules governing the use of proceeds from the sale of real estate to finance the taxpayer’s own housing need and,…
VAT amendment from 2027 before Chamber of Deputies: ViDA package and call-off stock…
From January 2027, the VAT Act is set to undergo changes related to the EU VAT in the Digital Age (ViDA) package. The amendment is primarily intended to extend and clarify the rules governing the One Stop Shop (OSS) scheme, reduce the need for VAT…
EET 2.0 in practice: self-service premises, cancellations and foreign-currency…
The financial administration has provided answers to further practical questions concerning EET 2.0. These cover, e.g., self-service premises, foreign-currency payments, and corrections and cancellations of electronically reported sales.
Public CbCR: first obligations as early as 2026
Public country-by-country reporting (Public CbCR) introduces a new obligation for large multinational groups and standalone undertakings to publish a report on income tax information. Unlike the ‘traditional’ CbCR intended for the tax authorities,…
Pillar Two: current status of exchange of information from GloBE Information Returns
In September, the Chamber of Deputies will continue debating the proposed amendment to the Act on International Cooperation in Tax Administration. Among other matters, the amendment sets out the conditions for the automatic exchange of information…